Buying & Owning Real Estate in Dutch St. Maarten
Frequently Asked Questions
Q: Can a foreigner own real estate in Dutch St. Maarten?
A: Yes. Anyone can own property here.
Q: What about title searches, closings, etc.?
A: A government-appointed notary will oversee the real estate purchasing process, helping make closings quick and reliable. All notaries are official lawyers, representing federal laws during the exchange of property. The notary provides the buyer with a complete explanation of the deed and answers to real estate questions.
He or she also ensures the title is free and clear of any legal disputes and registers mortgage and deed with the kadaster (Land Registry Office). Title insurance is not necessary on Dutch St. Maarten. Closing costs are approx. 5%.
Q: What kind of tax would I expect to pay as a property owner in Dutch St. Maarten?
A: On Dutch St. Maarten, there are no annual property taxes. Transfer taxes are included in closing costs.
Q: What capital gains taxes do you pay when you sell your Dutch St. Maarten property?
A: When a privately-owned property is sold, there are no capital gains taxes
Q: Can I own property under a corporate name?
A: A property can be held in a corporation or offshore company’s name. As a buyer, you simply need to provide the name of the company, and its beneficial owner.